Longfor Group's two main shareholders donate shares without consideration to strengthen long-term incentives for core talent

On March 30, Longfor Group Holdings Limited released an announcement regarding the company’s major shareholders making no-consideration share donations to an employee trust.

The announcement shows that the company’s major shareholders, Charm Talent International Limited and Junson Development International Limited, respectively committed to donate 60,000,000 shares and 40,000,000 shares to an employee trust without any consideration. The donation is intended to recognize and incentivize Longfor Group’s core talent who, during industry downturn cycles, firmly base their decisions on the company’s long-term value and make the right choices.

The shares donated by the major shareholders at no consideration will be included in Longfor Group’s “restricted share incentive plan,” and must comply with the restriction rules under the plan regarding grant and vesting. This donation arrangement demonstrates the major shareholders’ confidence in and support for the company’s long-term development. It is intended to further strengthen the long-term orientation among core talent and help achieve the company’s mid- to long-term strategic objectives.

As is understood, since the 2021 final dividend, Longfor’s major shareholders have repeatedly chosen “dividend in shares” (i.e., scrip dividend). This no-consideration share donation is also a reflection of and further deepening of its long-term commitment to supporting the company through actual actions.

(Editor: Jiang Yongdan)

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